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Supply Market Intelligence for Procurement Professionals by Kelly Barner, Jeanette Jones

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SUPPLY MARKET INTELLIGENCE AS PART OF THE PROCUREMENT SYSTEM

Procurement is more than the linear process of finding, contracting, buying, and paying for products and services. Most procurement organizations have built up systems of initiatives that incorporate all of these things, and more, in an effort to create a sustained competitive advantage for the company. Each initiative offers some improvement to performance and results. A system of loosely interconnected disciplines and solutions guides procurement’s efforts through the source-to-pay process, and beyond.

Rather than being a new initiative pursued in parallel to those already underway, ...

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